Part of my ongoing analysis of ChainLink movements (see links below).
ChainLink has been moving with good velocity and momentum. Just this a "Moderate Resistance" which COULD end waves here. But more PROBABLE is another leg, perhaps after small retrace.
$ 3.36-3.41 is immediate Resistance, might cause a retrace. $ 3.17-3.12 is immediate Support, would be ideal to hold. $ 2.80-2.85 is a Must Hold, break below might end the trend.
.
Previous LINK analysis: (conservative, safe) (important forever) (still in play) (perfect Ping) (not triggered) (perfect exits) (several long entries) (caught exact bottom)
Of course, I have had total FAILS on some ideas too, not going to pretend. But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets. Precision is the way of the Fib. Almost every turn happens at a Fib Line.
.
Comment
⋅
Resistance Broken
We have a breach of the "Moderate Resistance"
.
Zoom IN (8 min) for a closer look and we have a PIcture Perfect "Break-n-Retest" of that zone.
Looking good! not yet confident that it will reach $3.75, but the first step towards that goal has been accomplished. Will keep measuring this move, and try to fine the target if any new clues are found.